JPMorgan Historical Income Statement

JPM Stock

USD 248.55 3.79 1.55%

Historical analysis of JPMorgan Chase income statement accounts such as Operating Income of 74.1 B or Ebit of 74.1 B can show how well JPMorgan Chase Co performed in making a profits. Evaluating JPMorgan Chase income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of JPMorgan Chase's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining JPMorgan Chase latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether JPMorgan Chase is a good buy for the upcoming year.

Net Income Gross Profit

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in JPMorgan Chase Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

About JPMorgan Income Statement Analysis

JPMorgan Chase Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to JPMorgan Chase shareholders. The income statement also shows JPMorgan investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

JPMorgan Chase Income Statement Chart

At this time, JPMorgan Chase's Net Income is very stable compared to the past year. As of the 25th of November 2024, Income Tax Expense is likely to grow to about 12.7 B, while Total Other Income Expense Net is likely to drop (9.4 B).

Other Operating Expenses Operating Income Selling General Administrative Gross Profit

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of JPMorgan Chase. It is also known as JPMorgan Chase overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Operating Income

Operating Income is the amount of profit realized from JPMorgan Chase operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of JPMorgan Chase Co is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of JPMorgan Chase Co minus its cost of goods sold. It is profit before JPMorgan Chase operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Most accounts from JPMorgan Chase's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into JPMorgan Chase current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in JPMorgan Chase Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

	2021	2022	2023	2024 (projected)
Operating Income	65.0B	52.5B	70.5B	74.1B
Other Operating Expenses	71.3B	76.1B	75.1B	78.9B

Operating Income Other Operating Expenses

JPMorgan Chase income statement Correlations

	Interest Expense	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Net Income	Income Tax Expense	Depreciation And Amortization	Selling General Administrative	Total Revenue	Gross Profit	Income Before Tax	Total Other Income Expense Net	Selling And Marketing Expenses	Cost Of Revenue	Extraordinary Items	Net Income From Continuing Ops	Minority Interest	Tax Provision	Net Interest Income	Interest Income	Reconciled Depreciation
Interest Expense		0.47	0.74	0.55	0.56	0.32	0.72	0.57	0.15	0.68	0.66	0.71	0.71	-0.27	0.47	-0.79	0.29	0.48	-0.44	0.54	0.82	0.82	0.49
Other Operating Expenses	0.47		0.83	0.38	0.42	0.63	0.78	0.84	0.74	0.95	0.95	0.93	0.83	-0.1	0.76	-0.67	-0.24	0.73	-0.49	0.38	0.47	0.4	0.45
Operating Income	0.74	0.83		0.66	0.7	0.42	0.95	0.83	0.59	0.94	0.93	0.94	0.96	-0.33	0.73	-0.78	0.11	0.77	-0.6	0.62	0.7	0.62	0.62
Ebit	0.55	0.38	0.66		1.0	0.07	0.6	0.35	0.18	0.54	0.52	0.55	0.57	-0.49	0.34	-0.55	0.3	0.54	-0.27	0.33	0.54	0.45	0.41
Ebitda	0.56	0.42	0.7	1.0		0.1	0.63	0.38	0.23	0.58	0.56	0.59	0.6	-0.48	0.37	-0.57	0.29	0.57	-0.31	0.35	0.56	0.46	0.45
Total Operating Expenses	0.32	0.63	0.42	0.07	0.1		0.58	0.5	0.47	0.58	0.56	0.55	0.58	0.49	0.33	-0.55	0.08	0.64	-0.53	0.39	0.41	0.35	0.42
Net Income	0.72	0.78	0.95	0.6	0.63	0.58		0.78	0.64	0.91	0.9	0.91	0.99	-0.05	0.69	-0.75	0.26	0.81	-0.75	0.69	0.74	0.65	0.73
Income Tax Expense	0.57	0.84	0.83	0.35	0.38	0.5	0.78		0.56	0.87	0.86	0.86	0.85	-0.04	0.71	-0.63	-0.29	0.63	-0.49	0.71	0.47	0.44	0.31
Depreciation And Amortization	0.15	0.74	0.59	0.18	0.23	0.47	0.64	0.56		0.68	0.73	0.69	0.64	0.15	0.75	-0.29	0.01	0.68	-0.73	0.36	0.45	0.38	0.6
Selling General Administrative	0.68	0.95	0.94	0.54	0.58	0.58	0.91	0.87	0.68		0.99	0.99	0.93	-0.16	0.79	-0.77	-0.07	0.74	-0.61	0.54	0.65	0.58	0.55
Total Revenue	0.66	0.95	0.93	0.52	0.56	0.56	0.9	0.86	0.73	0.99		1.0	0.92	-0.15	0.79	-0.75	-0.06	0.73	-0.63	0.51	0.64	0.56	0.59
Gross Profit	0.71	0.93	0.94	0.55	0.59	0.55	0.91	0.86	0.69	0.99	1.0		0.93	-0.17	0.78	-0.78	-0.03	0.73	-0.62	0.53	0.67	0.6	0.6
Income Before Tax	0.71	0.83	0.96	0.57	0.6	0.58	0.99	0.85	0.64	0.93	0.92	0.93		-0.05	0.72	-0.75	0.16	0.8	-0.73	0.72	0.72	0.63	0.67
Total Other Income Expense Net	-0.27	-0.1	-0.33	-0.49	-0.48	0.49	-0.05	-0.04	0.15	-0.16	-0.15	-0.17	-0.05		-0.1	0.26	0.01	-0.04	-0.3	0.18	-0.13	-0.12	0.02
Selling And Marketing Expenses	0.47	0.76	0.73	0.34	0.37	0.33	0.69	0.71	0.75	0.79	0.79	0.78	0.72	-0.1		-0.49	-0.15	0.7	-0.57	0.52	0.68	0.68	0.28
Cost Of Revenue	-0.79	-0.67	-0.78	-0.55	-0.57	-0.55	-0.75	-0.63	-0.29	-0.77	-0.75	-0.78	-0.75	0.26	-0.49		-0.08	-0.62	0.36	-0.42	-0.67	-0.64	-0.47
Extraordinary Items	0.29	-0.24	0.11	0.3	0.29	0.08	0.26	-0.29	0.01	-0.07	-0.06	-0.03	0.16	0.01	-0.15	-0.08		0.2	-0.45	0.19	0.48	0.4	0.63
Net Income From Continuing Ops	0.48	0.73	0.77	0.54	0.57	0.64	0.81	0.63	0.68	0.74	0.73	0.73	0.8	-0.04	0.7	-0.62	0.2		-0.58	0.56	0.67	0.62	0.54
Minority Interest	-0.44	-0.49	-0.6	-0.27	-0.31	-0.53	-0.75	-0.49	-0.73	-0.61	-0.63	-0.62	-0.73	-0.3	-0.57	0.36	-0.45	-0.58		-0.71	-0.7	-0.6	-0.74
Tax Provision	0.54	0.38	0.62	0.33	0.35	0.39	0.69	0.71	0.36	0.54	0.51	0.53	0.72	0.18	0.52	-0.42	0.19	0.56	-0.71		0.64	0.6	0.32
Net Interest Income	0.82	0.47	0.7	0.54	0.56	0.41	0.74	0.47	0.45	0.65	0.64	0.67	0.72	-0.13	0.68	-0.67	0.48	0.67	-0.7	0.64		0.98	0.56
Interest Income	0.82	0.4	0.62	0.45	0.46	0.35	0.65	0.44	0.38	0.58	0.56	0.6	0.63	-0.12	0.68	-0.64	0.4	0.62	-0.6	0.6	0.98		0.44
Reconciled Depreciation	0.49	0.45	0.62	0.41	0.45	0.42	0.73	0.31	0.6	0.55	0.59	0.6	0.67	0.02	0.28	-0.47	0.63	0.54	-0.74	0.32	0.56	0.44

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JPMorgan Chase Account Relationship Matchups

JPMorgan Chase income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Interest Expense	26.8B	10.0B	5.6B	26.1B	81.3B	85.4B
Other Operating Expenses	65.3B	66.7B	71.3B	76.1B	75.1B	78.9B
Operating Income	45.1B	41.8B	65.0B	52.5B	70.5B	74.1B
Ebit	(10.4B)	41.8B	65.0B	52.5B	70.5B	74.1B
Ebitda	(2.0B)	50.4B	73.0B	59.6B	78.1B	82.0B
Total Operating Expenses	65.3B	66.7B	71.3B	76.1B	75.1B	78.9B
Net Income	36.4B	29.1B	48.3B	37.7B	49.6B	52.0B
Income Tax Expense	8.4B	6.7B	11.2B	8.5B	12.1B	12.7B
Depreciation And Amortization	8.4B	8.6B	7.9B	7.1B	7.5B	4.2B
Selling General Administrative	34.2B	35.0B	38.6B	41.6B	46.5B	48.8B
Total Revenue	115.7B	119.9B	121.7B	128.6B	145.7B	153.0B
Gross Profit	115.7B	119.9B	121.7B	128.6B	155.0B	162.7B
Income Before Tax	44.9B	35.8B	59.6B	46.2B	61.6B	64.7B
Total Other Income Expense Net	(239M)	(5.9B)	(5.5B)	(6.4B)	(8.9B)	(9.4B)
Selling And Marketing Expenses	3.4B	2.5B	3.0B	3.9B	4.6B	2.5B
Cost Of Revenue	8.5B	8.5B	9.8B	10.2B	(9.3B)	(8.8B)
Net Income Applicable To Common Shares	34.6B	27.4B	46.5B	35.9B	41.3B	43.3B
Net Income From Continuing Ops	36.4B	29.1B	48.3B	37.7B	49.6B	32.8B
Tax Provision	8.1B	6.3B	11.2B	8.5B	12.1B	10.0B
Net Interest Income	57.2B	54.6B	52.3B	66.7B	89.3B	62.9B
Interest Income	84.0B	64.5B	57.9B	92.8B	170.6B	87.8B
Reconciled Depreciation	8.4B	8.6B	7.9B	7.1B	7.5B	8.4B

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When determining whether JPMorgan Chase is a strong investment it is important to analyze JPMorgan Chase's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact JPMorgan Chase's future performance. For an informed investment choice regarding JPMorgan Stock, refer to the following important reports:

How To Invest In JPMorgan

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Is JPMorgan Stock a good investment?

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What is JPMorgan Chase's Net Worth?

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You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.

Is Diversified Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of JPMorgan Chase. If investors know JPMorgan will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about JPMorgan Chase listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.009

Dividend Share

4.6

Earnings Share

Revenue Per Share

56.043

Quarterly Revenue Growth

0.03

The market value of JPMorgan Chase is measured differently than its book value, which is the value of JPMorgan that is recorded on the company's balance sheet. Investors also form their own opinion of JPMorgan Chase's value that differs from its market value or its book value, called intrinsic value, which is JPMorgan Chase's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because JPMorgan Chase's market value can be influenced by many factors that don't directly affect JPMorgan Chase's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between JPMorgan Chase's value and its price as these two are different measures arrived at by different means. Investors typically determine if JPMorgan Chase is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, JPMorgan Chase's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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JPMorgan Historical Income Statement

About JPMorgan Income Statement Analysis

JPMorgan Chase Income Statement Chart

Other Operating Expenses

Operating Income

Gross Profit

JPMorgan Chase income statement Correlations

JPMorgan Chase Account Relationship Matchups

High Positive Relationship

High Negative Relationship

JPMorgan Chase income statement Accounts

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Ebitda	+ 1.0	Ebit
Gross Profit	+ 1.0	Total Revenue
Income Before Tax	+ 0.99	Net Income
Total Revenue	+ 0.99	Selling General Administrative
Gross Profit	+ 0.99	Selling General Administrative
Interest Income	+ 0.98	Net Interest Income

Cost Of Revenue	- 0.79	Interest Expense
Cost Of Revenue	- 0.78	Gross Profit
Cost Of Revenue	- 0.78	Operating Income
Cost Of Revenue	- 0.77	Selling General Administrative
Cost Of Revenue	- 0.75	Income Before Tax
Cost Of Revenue	- 0.75	Total Revenue